Newly created DLT Financial and fintech company Tramonex, a fast growing London-based financial services provider, announced today the launch of DLT10, a crypto-currency financial index. Designed to track the performance of major digital currencies that run on public blockchains, the index unlocks information and access to the 10 most relevant crypto-currencies through a corresponding tracker fund. Starting today, these digital currencies are more widely available to investors who will no longer need technical expertise to follow their performance and make an investment.

“Crypto-currencies and the blockchain are growing at a terrific pace, with equity investment into blockchain companies growing from $2 million in 2012 to $490 million in 2015,” said Dave Askey, Co-Founder of DLT Financial and Tramonex CTO. “It has become clear that these technologies are here to stay and that their impact will be significant, yet the asset class is still vastly underinvested because of how technical it is today. DLT10 and its corresponding tracker fund will allow more people and institutions to invest in this asset class by providing a familiar, simplified investment model.”

Tramonex CEO Amine Berraoui, commented: “Tramonex is very pleased to collaborate with DLT Financial for the launch of its DLT10 index and fund. We see this as a continuation of Tramonex’s role in bridging the traditional and institutional side of finance with innovative technology. Our main goal is to position crypto-currencies as a new asset class for the investment community, and to provide greater access to this still complex and opaque investment class, and DLT Financial is taking a further in this direction.”

DLT financial and Tramonex bring together a wealth of expertise in both the tech sector and the traditional banking world. Tramonex, an FCA regulated financial technology company, received a 250,000 GBP grant from the UK government earlier this year, to develop a new blockchain prototype for FX settlements.

About DLT Financial

Founded in July 2016 by the blockchain experts behind Tramonex, DLT Financial is a financial services company specialising in distributed ledger technology. The company’s DLT 10 Index Series covers a basket of 10 public implementations of distributed ledger technology. The index is designed to track the performance of the digital currencies representing the unit of account of each of the 10 public implementations of DLT. Distributed ledger technology is a very new asset class and the trading history of most of the constituent crypto-currencies is limited. For more information visit : dlt10index.com

About Tramonex

Founded in 2013 by Amine Berraoui and Marc Avedissian, Tramonex is pioneering a paradigm shift away from classical banking to new way of managing international cash flows.

Built on over 50 years of combined experience within foreign exchange and global transactional services in tier 1 banking, we know how to design FX cash management solutions for optimal business performance, in particular among mid-market enterprises.

Understanding banks’ current limitations, customer pain points and markets volatility around us, we have designed solutions that make managing payments and collections not only simpler and more efficient, but also less operationally cumbersome. Partnering with Tramonex results in substantial savings with regards to hidden costs, and more importantly, puts clients in control over their international working capital. Tramonex is FCA authorised and a regulated payment institution in the UK, and passported the EU. For more information visit: www.tramonex.com